The EU and Uruguay have decided to step up their cooperation in pursuing the clean energy transition. At the EU-CELAC Summit in Brussels, Commissioner for Energy Kadri Simson and Uruguay’s Minister for Foreign Affairs Francisco Bustillo Bonasso signed a MoU on renewable energy, energy efficiency and renewable hydrogen, in the presence of European Commission President Ursula von der Leyen and President of the Oriental Republic of Uruguay Luis Lacalle Pou. The Memorandum of Understanding is part of the European Union – Latin America and the Caribbean Global Gateway Investment Agenda that President von der Leyen presented yesterday at the EU-LAC Business Round Table.

President of the European Commission Ursula von der Leyen said: “The EU and Uruguay share the ambition to boost the use of renewable energy sources, in line with our ambitious climate goals. We are aligned on the need for a rules-based, transparent, and undistorted global hydrogen market with reliable international standards and certification schemes to support the clean energy transition. This Memorandum of Understanding provides us with a basis to guide and intensify our work on these matters, as we both strive to reach climate neutrality by 2050.”

See related article: EU and Argentina Step Up Cooperation on Clean Energy Transition and Energy Security

Renewable energy, energy efficiency and renewable hydrogen

The Memorandum signed today sets out our objectives and paves the way for a future roadmap outlining specific activities supported by the Global Gateway investment strategy. Potential areas of cooperation include the review and deepening of actions and policies for the promotion of energy efficiency as well as exchanges regarding policies on renewable energy and renewable hydrogen and its derivatives. More specifically, our cooperation on research and regulatory issues will include work on definitions, methodologies, sustainability rules, certification systems, and measures to stimulate the improvement of energy efficiency and the uptake of renewable hydrogen.

We will also work together on directing investment towards these critical areas, by providing potential investors with maximum clarity concerning financing in both the European Union and Uruguay.

This Memorandum underlines that investments in renewable energy, energy efficiency, and renewable hydrogen and its derivatives need to comply with the relevant environmental legislation related to marine and land sectors in both the EU and Uruguay, to ensure that we tackle in parallel both the climate and biodiversity crises. Furthermore, policies promoting energy efficiency, renewable energies and renewable hydrogen and its derivatives should duly take into account the protection, conservation, and restoration of water systems and water-related ecosystems.